CanaData's Latest Forecast of Housing Starts - U.S. and Canada Move into Sync
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Unfortunately, housing starts in Canada have finally moved into “sync” with what has been happening in the United States. Canadians should count their blessings that housing starts stayed strong as long as they did. Super-low interest rates and bargain prices for distressed and bank-owned homes are bringing buyers back into the U.S. existing home market. This is a prelude to a pickup in new home construction. But CanaData’s latest forecasts of housing starts in Canada foresee ongoing weakness.